Don’t miss the latest developments in business and finance.

Refined soya oil futures slip on profit-booking

Image
Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 7:32 PM IST

Refined soya oil futures prices slipped by Rs 8.20 to Rs 643.10 per 10 kg in futures trading today, as speculators book profits at existing higher levels, amid fall in demand in the spot market.

At the Multi Commodity Exchange counter, refined soya oil for delivery in February fell by Rs 8.20, or 1.26 per cent, to Rs 643.10 per 10 kg, with an open interest of just one lot. 

Similarly, the oil for delivery in January lost Rs 4.30, or 0.67 per cent, to Rs 633.60 per 10 kg, with a business turnover of just one lot.

Market analysts beside profit-booking by speculators at existing higher levels, fall in demand in the spot market led to decline in refined soya oil futures prices.

More From This Section

First Published: Jan 07 2011 | 2:09 PM IST

Next Story